Lake Street analyst Jacob Stephan reiterated a Buy rating on Cardlytics (CDLX – Research Report) today and set a price target of $13.00. The company’s shares closed last Friday at $5.77.
According to TipRanks, Stephan is a 3-star analyst with an average return of 4.0% and a 56.25% success rate. Stephan covers the Technology sector, focusing on stocks such as Velo3D, 3D Systems, and Stratasys.
Currently, the analyst consensus on Cardlytics is a Moderate Buy with an average price target of $12.50.
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The company has a one-year high of $19.57 and a one-year low of $2.57. Currently, Cardlytics has an average volume of 747.8K.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDLX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cardlytics (CDLX) Company Description:
Cardlytics, Inc. engages in the development of marketing solutions through its purchase intelligence platform. It operates through the Cardlytics Direct and Other Platform Solutions segments. The Cardlytics Direct segment represents its proprietary native bank advertising channel. The Other Platform Solutions segment includes solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded by Scott D. Grimes, Lynne M. Laube, and Hans Theisen on June 26, 2008 and is headquartered in Atlanta, GA.
Read More on CDLX:
- Cardlytics Announces Successful Resolution of SRS Dispute and Preliminary Fourth Quarter 2023 Results
- Cardlytics Appoints Two New Members to its Board of Directors
- Cardlytics announces multi-year contract renewal with Lloyds Bank
- Cardlytics Announces Multi-Year Contract Renewal with Lloyds Bank Plc
- Kigo, an Augeo subsidiary, acquires Entertainment® to advance Open Loyalty™ innovation & elevate digital offer experiences
